Press release
28 Jul 2023, 13:00 CET

Billerud's board announces that CEO Christoph Michalski is leaving

Billerud's board announces that the company's President and CEO Christoph Michalski is leaving the CEO role at Billerud, with immediate effect. Michalski has held the position of CEO since November 2020.

The board of Billerud has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Ivar Vatne joined the company as CFO in May 2019 and has also been deputy CEO since October 2022. Before Billerud, Ivar has a background from senior positions within Arla, Fiskars and P&G.

“The board is confident that Ivar Vatne can quickly step into the role of acting CEO and that he can lead the implementation of our established strategy”, says Jan Svensson, chairman of the board in Billerud.

“The board would like to thank Christoph Michalski for his significant contribution to Billerud. In the three years he has led the company together with the CFO, the company has introduced a new strategy, laid the foundation for a future Norwegian BCTMP factory in close cooperation with Viken Skog, and completed the strategically vital acquisition of Verso in North America”, says Jan Svensson, chairman of the board in Billerud.

The recruitment of a new CEO will start up immediately.

For further information, please contact:
Jan Svensson, Chairman of the board, Billerud, +46 70 577 16 40
Ivar Vatne, CFO & Deputy CEO, Billerud, +46 70 37335 07

This information constituted inside information prior to publication. This is information that Billerud AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13.00 CET on 28 July 2023.